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Lionel, there's plenty of references to them on this site, if you
search for them.
You've read many discussions on them. You probably don't remember.
Super
--- In equismetastock@xxxxxxxxxxxxxxx, "Lionel Issen" <lissen@xxx> wrote:
>
> Superfrag:
>
>
>
> Can you explain sigma bands. I looked it up on the internet. I found a
> reference to Bollinger bands with different std dev, and to propriety
> software.
>
>
>
> Thanks
>
>
>
> Lionel
>
>
>
> From: equismetastock@xxxxxxxxxxxxxxx
[mailto:equismetastock@xxxxxxxxxxxxxxx]
> On Behalf Of superfragalist
> Sent: Saturday, November 01, 2008 11:13 AM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Re: Automatic Support and Resistance
>
>
>
> There are dozens of formulas for "automatic" support and resistance.
> I've never seen one that's worth anything. There are a couple of DLL's
> around that do the same thing.
>
> Support and resistance are subjective. If two experienced traders draw
> it on a chart then they will each have different lines.
>
> You're better off using some form of trend channel or sigma bands.
> I've found sigma bands to be very accurate. With sigma bands you know
> the probability of the price reversing or continuing along the same
> trend.
>
> Super
>
> --- In equismetastock@xxxxxxxxxxxxxxx
> <mailto:equismetastock%40yahoogroups.com> , pumrysh <no_reply@> wrote:
> >
> > David,
> >
> > My bad! I wasn't paying attention to what I was doing.
> >
> > As far as support and resistance indicators this one isn't very
> > popular for a reason. I don't have the original article but do know
> > that it was written for TASC back around 1998.
> >
> > To get the indicator I wrote to work you can use
> >
> > WSO:=
> > 100*(1+-
> > Int(S1/CLOSE)+
> > Int(S2/CLOSE)+
> > Int(S3/CLOSE)+
> > Int(S4/CLOSE)+
> > Int(S5/CLOSE)+
> > Int(S6/CLOSE) )/6);
> > WSO; {end}
> >
> > Then do the same with the resistance side.
> >
> > To get the other indicators to show up just use.
> >
> > S1;S2;S3;S4;S5;S6;
> >
> > Instead of WSO for the output. The S1 through S6 and R1 through R6
> > are support and resistance levels which should go on a price chart.
> > The WRO and WSO are supposed to be oscillators and should go into
> > their own window.
> >
> > Preston
> >
> >
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx
> <mailto:equismetastock%40yahoogroups.com> , David Brennan
> > <denver69692002@> wrote:
> > >
> > > Thanks, but it still didn't work.
> > >
> > > I'm wondering what the "1" is there for anyways in the WSO code.
> > And the other indicators S1-S6 don't show up on the charts.
> > >
> > > --- On Fri, 10/31/08, pumrysh <no_reply@xxxxxxxxxxxxxxx
> <mailto:no_reply%40yahoogroups.com> > wrote:
> > >
> > > From: pumrysh <no_reply@xxxxxxxxxxxxxxx
> <mailto:no_reply%40yahoogroups.com> >
> > > Subject: [EquisMetaStock Group] Re: Automatic Support and Resistance
> > > To: equismetastock@xxxxxxxxxxxxxxx
> <mailto:equismetastock%40yahoogroups.com>
> > > Date: Friday, October 31, 2008, 1:22 PM
> > >
> > >
> > >
> > >
> > >
> > >
> > > Big,
> > >
> > > Its not in metastock lanquage. Try this:
> > >
> > > {WSO}
> > > S1:= IF(Ref(LOW,- 4)=LLV(LOW, 9),Ref(LOW, -4),PREVIOUS) ;
> > > S2:= IF(Fml("S1") =Ref(Fml( "S1"),-1) ,PREVIOUS, Ref(Fml(" S1"),-
> > 1)) ;
> > > S3:= IF(Fml("S1") =Ref(Fml( "S1"),-1) ,PREVIOUS, Ref(Fml(" S2"),-
> > 1)) ;
> > > S4:= IF(Fml("S1") =Ref(Fml( "S1"),-1) ,PREVIOUS, Ref(Fml(" S3"),-
> > 1)) ;
> > > S5:= IF(Fml("S1") =Ref(Fml( "S1"),-1) ,PREVIOUS, Ref(Fml(" S4"),-
> > 1)) ;
> > > S6:= IF(Fml("S1") =Ref(Fml( "S1"),-1) ,PREVIOUS, Ref(Fml(" S5"),-
> > 1)) ;
> > > WSO:=
> > > 100*(1-(Int(Fml( "S1")/CLOSE) +Int(Fml( "S2")/CLOSE) +Int(Fml
> > ( "S3")/CLOSE)
> > > +Int(Fml("S4" )/CLOSE) +Int(Fml("S5" )/CLOSE)+ Int(Fml("
> > S6")/CLOSE) )/6);
> > > WSO; {end}
> > >
> > > {WRO}
> > > R1:= IF(Ref(HIGH, -4)=HHV(HIGH, 9),Ref(HIGH, -4),PREVIOUS) ;
> > > R2:= IF(Fml("R1") =Ref(Fml( "R1"),-1) ,PREVIOUS, Ref(Fml(" R1"),-
> > 1)) ;
> > > R3:= IF(Fml("R1") =Ref(Fml( "R1"),-1) ,PREVIOUS, Ref(Fml(" R2"),-
> > 1)) ;
> > > R4:= IF(Fml("R1") =Ref(Fml( "R1"),-1) ,PREVIOUS, Ref(Fml(" R3"),-
> > 1)) ;
> > > R5:= IF(Fml("R1") =Ref(Fml( "R1"),-1) ,PREVIOUS, Ref(Fml(" R4"),-
> > 1)) ;
> > > R6:= IF(Fml("R1") =Ref(Fml( "R1"),-1) ,PREVIOUS, Ref(Fml(" R5"),-
> > 1)) ;
> > > WRO:=
> > > 100*(1-(Int(Fml( "R1")/CLOSE) +Int(Fml( "R2")/CLOSE) +Int(Fml
> > > ("R3")/CLOSE) +Int(Fml( "R4")/CLOSE) +Int(Fml("R5" )/CLOSE)+ Int(Fml
> > > ("R6")/CLOSE) )/6);
> > > WRO; {end}
> > >
> > > Preston
> > >
> > > --- In equismetastock@ yahoogroups. com, "Big Papa"
> > > <denver69692002@ ...> wrote:
> > > >
> > > > I found the article about Automatic Support and Resistance:
> > > > Indicators
> > > >
> > > > ------------ --------- --------- --------- --------- --------- -
> > > --
> > > > -----------
> > > >
> > > > S1: IF(Ref(LOW,- 4)=LLV(LOW, 9),Ref(LOW, -4),PREVIOUS)
> > > > S2: IF(Fml("S1") =Ref(Fml( "S1"),-1) ,PREVIOUS, Ref(Fml(" S1"),-
> > 1))
> > > > S3: IF(Fml("S1") =Ref(Fml( "S1"),-1) ,PREVIOUS, Ref(Fml(" S2"),-
> > 1))
> > > > S4: IF(Fml("S1") =Ref(Fml( "S1"),-1) ,PREVIOUS, Ref(Fml(" S3"),-
> > 1))
> > > > S5: IF(Fml("S1") =Ref(Fml( "S1"),-1) ,PREVIOUS, Ref(Fml(" S4"),-
> > 1))
> > > > S6: IF(Fml("S1") =Ref(Fml( "S1"),-1) ,PREVIOUS, Ref(Fml(" S5"),-
> > 1))
> > > > WSO:
> > > > 100*(1-(Int(Fml( "S1")/CLOSE) +Int(Fml( "S2")/CLOSE) +Int(Fml
> > > ("S3")/CLOSE)
> > > > +Int(Fml("S4" )/CLOSE) +Int(Fml("S5" )/CLOSE)+ Int(Fml
> > > ("S6")/CLOSE) )/6)
> > > > R1: IF(Ref(HIGH, -4)=HHV(HIGH, 9),Ref(HIGH, -4),PREVIOUS)
> > > > R2: IF(Fml("R1") =Ref(Fml( "R1"),-1) ,PREVIOUS, Ref(Fml(" R1"),-
> > 1))
> > > > R3: IF(Fml("R1") =Ref(Fml( "R1"),-1) ,PREVIOUS, Ref(Fml(" R2"),-
> > 1))
> > > > R4: IF(Fml("R1") =Ref(Fml( "R1"),-1) ,PREVIOUS, Ref(Fml(" R3"),-
> > 1))
> > > > R5: IF(Fml("R1") =Ref(Fml( "R1"),-1) ,PREVIOUS, Ref(Fml(" R4"),-
> > 1))
> > > > R6: IF(Fml("R1") =Ref(Fml( "R1"),-1) ,PREVIOUS, Ref(Fml(" R5"),-
> > 1))
> > > > WRO:
> > > > 100*(1-(Int(Fml( "R1")/CLOSE) +Int(Fml( "R2")/CLOSE) +Int(Fml
> > > > ("R3")/CLOSE) +Int(Fml( "R4")/CLOSE) +Int(Fml("R5" )/CLOSE)+ Int
> > (Fml
> > > > ("R6")/CLOSE) )/6)
> > > >
> > > > As I input it in, I made 6 different indicators, S1-S6, and that
> > > is
> > > > all fine. But when I go to put in the WSO as another indicator,
> > it
> > > > rejects it as is. It says it is an invalid function name, and the
> > > > cursor goes to the "1" right after the 100*(.
> > > > What am I doing wrong? Thanks.
> > > >
> > >
> >
>
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